If You Can't Afford to Invest in Foreign Facilities,don't Have

question 136

Multiple Choice

If you can't afford to invest in foreign facilities,don't have time to even learn the foreign market,but you are willing to give someone else the right to make and market your product for a fee and royalties,your best bet for entering the foreign market is:

• A)a foreign management company.
• B)joint venturing.
• C)foreign licensing.
• D)international franchising.

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Definitions:

Draft

A preliminary version of a written document or an order for a bank to pay a specified sum from the drawer's account.

Unconditionally

Without any conditions or limitations.

Liquefied Natural Gas

Natural gas that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport.

Variable Rate

A variable rate refers to an interest rate that changes periodically over the life of a loan or financial instrument based on an underlying benchmark interest rate or index.